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Past Issue
August, 2009

The USRCCNE Monthly Newsletter
For those with interests bridging the US and Russia...


Josh Wilson, USRCCNE EditorWelcome!
From Josh Wilson, General Editor, USRCCNE

The USRCCNE Newsletter this month starts off by announcing two new USRCCNE events. First, on August 28, we will be hosting a closed meeting with the Investment and Venture Fund of Tatarstan. Then, on September 17, we will be having our fall networking event in Boston, where all members are welcome to join us to discuss business and Russia and drinks and snacks. (And keep your schedule in October open for a fascinating short trip from the Museum of Russian Icons to a Russian Monastery in New York!)

You will also want to check out the travel section we've added to this month's edition. There have been some small changes (American Citizen Services is now available by appointment only) and some big changes (SVO-3 will open in September and is now connected to Belorusskaya Station via a commuter train) that you to have under your belt the next time you "jump the puddle" to Moscow.

As always, we also have some exciting member news and some great articles on everything from how the IFRS for SMEs might affect business in Russia, the Russian Court System, investment in Russia's regions, and some great places art lovers won't want to miss during their next trip to Moscow.

As always, this newsletter is dependent on you. If you have an announcement or a news item to be included in our newsletter, or if you would like to subscribe to this free publication, please contact us.

USRCCNE Seeks Intern
USRCCNE is seeking an intern who will be available for the upcoming academic year to take responsibility for compiling a database of companies, organizations, and institutions in New England with connections to Russia.

Upcoming Events

USRCCNE Meeting with Delegation from Investment and Venture Fund of Tatarstan 
(August 28 - Boston)
On Friday, August 28, USRCCNE, in conjunction with the Civilian Research and Development Foundation (CRDF), will be hosting a breakfast roundtable discussion for a delegation from the Investment and Venture Fund of Tatarstan and members of the Boston business community. The meeting will take place at the offices of USRCCNE member, McDermott Will & Emery.

USRCCNE Fall Networking Event 
(September 17) The Chamber's fall networking well be held on Thursday, September 17 from 6-8 pm at  Les Zygomates Wine Bar and Bistro, 129 South Street, Boston, MA. As always there will lots to share with others who are active in Russia. Please register in advance so we can estimate how many people will be attending. We are providing some finger food and there will be a cash bar. We hope to see you on the 17th.

10th Russian Venture Fair and The 5th Russian Venture Forum 
(September 23-24 - Moscow) Russian Venture Fair is the largest-scale Russian contact area for professionals – participants of private equity and venture capital industry, and owners and managers of innovative technological SMEs.

USRBC's 17th Annual Meeting 
(September 24-25 - NY) This year's Annual Meeting will bring together a host of experts to discuss topics including the reset of the bilateral relationship, how companies are coping with the economic crisis and opportunities and challenges in addressing the diversification of Russia's economy.

Museum of Russian Icons Offers Trip!
(October 3, 4 - MA to NY) The Museum of Russian Icons is sponsoring a two-day trip to the Holy Trinity Monastery in Jordanville, NY. Participants will stay at the monastery guest house, tour the monastery and its icon studio, attend Saturday night vigil and Sunday services at the cathedral, and have meals in the monastery refectory.

Steinmetz: Contemplating Gogol
(December 1 - Moscow) The Pushkin State Museum of Fine Arts in Moscow, Russia is celebrating the 200th anniversary of the birth of Nikolai Gogol with a solo exhibit by Boston-based artist Leon Steinmetz.


Member News

Auriga Shares Embedded Systems Knowledge
Auriga's commitment to professional development of its employees is completely aligned with the major challenge of developing the intellectual potential of IT professionals faced by Russia. Subscribe to Auriga's newsletter

Language Connections Thinks Outside the Box
Language Connections recently coordinated the translation of a Russian patent application for a cutting-edge device with rare, highly technical terms, and used a bit of ingenuity to make sure the result was both accurate and fluid.



The new Aeroexpress terminal at SVO-2 and SVO-3


 The new AeroExpress terminal servicing SVO-2 and SVO-3 in Moscow.
Photo from

Travel Updates!

Sheremetyevo 3 is due to open in September, 2009. The new terminal will host all Aeroflot and Sky Team flights to Moscow.

AeroExpress, the train service that connects Sheremetyevo 2 and 3 to Moscow will offer service to Belorussky Train Station in addition to its current stop at Savelovsky Train Station. Please note that current users of AeroExpress have stated that delays and cancelled trains are still commonplace, so give yourself plenty of time to get to the airport if you use the service.

American Citizen Services in Moscow is now by appointment only. See the new online appointment system here.

The "Secure Flight" Program is currently being implemented by America's TSA. It is intended to streamline the current passenger screening process and to prevent false flagging of passengers with similar names as suspected terrorist. Once the program is phased in, you will be able to book flights only with your full name is it appears on your government issued ID.

Avianova, a new budget airline, will commence regular flights from Vnukovo to six cities around Russia starting August 27.


Articles & Resources

moneytreeBusiness Obzor
A brief list of some major news stories from Russian business in May.

IFRS For Small And Mid-Sized Entities
A look at what a new standard in IFRS might mean for you and your business, whether in Russia or elsewhere.

IT Outsourcing for Small Businesses
IT outsourcing can help small businesses reduce IT costs and access new technologies. It begins understanding which IT operations could benefit from being managed by a third party service provider, which could be an offshore outsourcer or someone based on-shore.

US-Russian Economic Relations
Deutsche Bank Research looks at how US-Russian Economic Relations might develop in the near future.

Regional Investment: EuroChem Needs $196m for Melamine Production
The project will be presented at the 8th annual International Investment Forum Sochi-2009, to be held on September 17-20, 2009. Subscribe to Marchmont News Service

Russian Corner: Legal Precedent In Russia
This article provides a brief introduction to Russia's high courts and the use of legal precedent in Russia. English language adaptation provided by Alinga Consulting Group.  Subscribe to the Alinga Market Update

Just for Fun: Off the Beaten Path in Moscow
This second part of a two-part series on often missed tourist locations in Moscow looks at places that history buffs should definitely check out. Moscow is vast and it would take years to see everything you'd likely want to see.  Subscribe to the SRAS newsletter


Joining the USRCCNE is Easy!

Members of the USRCCNE become a part of a vibrant network of individuals and firms dedicated to furthering business opportunities between the U.S. and Russia. We work with business organizations in the US, (specializing in the New England region) and in Russia to bring exposure to the USRCCNE, and ultimately, to our members. Join today!

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